"This acquisition is consistent with our goal to maintain a portfolio of technologically advanced options that will generate value for both our customers and our shareholders."

Lockheed said Chandler/May’s command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance systems have been produced and integrated into unmanned aerial systems such as the Desert Hawk.

"At Chandler/May, we have developed a highly talented workforce and created a portfolio of innovative products supporting our defense and intelligence customers," said Chandler/May President Jesse May. "Joining Lockheed Martin is a logical step to expand our current offerings and provides opportunities to reach additional customers."